RE: It’s overdone9 May 2023 13:08
The majority shareholder Axel holds 26% of the company, would they be happy to let the company go under or would they go for a full takeover ...but at what price? Highest they paid in the past 52 weeks?
Today's RNS also alludes to significant inbound and outbound interest so could a new bidder turn up now seeing that the price is sub 3p?
This could be a great opp for a trade down here at 2.20p. I would have been happier at 1p but looks like a floor at 2p for now. Am fully expecting 2.50p-3p soon/this week. IMO. DYOR